YouTube Is About To Keep Its Enemy, Vevo, Very Close

Alyson Shontell, provided by |
January 17, 2013

ATD's Peter Kafka doesn't know the size of the deal, but he believes it will exceed $35 million.

The two companies have had an interesting, and at times clashing, relationship for the past three years. This deal would make them strategic partners. Vevo would be able to spread its videos far and wide across YouTube's network, and YouTube could continue using Vevo's popular music video content.

The deal hasn't been finalized, but Kafka says Vevo, YouTube and Google are all on board, and they're renewing a distribution contract.